July 1, 2013

Planning for your retirement/vacation

If folks spent as much effort planning for their retirement as they do for a vacation, most would be a lot better off. They both require money, and a fair amount of advance planning.

What age will you retire? Deciding when your “vacation” starts will help you get a handle on what needs to happen between here and there. Set your goals. How do you want to spend your retirement years? Travel the world? Indulge your hobbies? Start a new small business? Knowing how you plan to spend your time will help determine the funds you’ll need. You’ll need to look at what you have, and compare it to what you’ll need.

Planning for retirement is complex. A professional LPL Financial Advisor can help guide you through the many contingencies you’ll encounter, as well as the maze of savings and investment opportunities available. The most important element is establishing a plan—and the earlier, the better.

Retirement is indeed much like a vacation— a very, very long vacation. Consider your LPL Financial Advisor as a skilled, savvy travel agent who’s been around this block many times. No matter where you’re headed, you’ll have a detailed road map to help get you there.

Contact us at (616 or 800) 242-9790 ext. 6301 today or go online at lmcu.org/ investments to set up an appointment to meet with one of our experienced advisors.

1 comment:

carlyt
said...

Retirement requires planning. You have to not only plan for your financial needs but for your mental, physical and emotional transition to a different lifestyle. You have to stay socially active, mentally sharp and physically fit when retired. People pack their things into a box, have a farewell party and think they are off to retirement bliss. Think again. You have to plan, plan, plan. On that note I recently found the site retirementandgoodliving that has good information on finances, health/exercise, hobbies, retirement locations, volunteering, part time jobs and many other retirement related topics. Worth checking out.